Gregory S. Daily - Jan 23, 2025 Form 4 Insider Report for i3 Verticals, Inc. (IIIV)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Paul Maple, Attorney-in-Fact for Gregory S. Daily
Stock symbol
IIIV
Transactions as of
Jan 23, 2025
Transactions value $
$0
Form type
4
Date filed
1/24/2025, 05:22 PM
Previous filing
Nov 26, 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IIIV Class B common stock, par value $0.0001 per share Disposed to Issuer $0 -173K -3.69% $0.00 4.51M Jan 23, 2025 Direct F1
transaction IIIV Class B common stock, par value $0.0001 per share Disposed to Issuer $0 -93.8K -3.69% $0.00 2.45M Jan 23, 2025 By Daily Family Investment, LLC F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On January 23, 2025, the common units of i3 Verticals, LLC (the "Common Units") were recapitalized through a reverse unit split, which resulted in the retirement without consideration of 369,256 shares of the Issuer's Class B common stock, par value $0.0001 per share (the "Class B Common Stock") in accordance with the Amended and Restated Certificate of Incorporation of the Issuer (collectively, the "Recapitalization"). As a result of the Recapitalization, the Common Units and shares of Class B Common Stock beneficially owned by the Reporting Person were reduced by 172,513.
F2 As a result of the Recapitalization, the Common Units and shares of Class B Common Stock beneficially owned by Daily Family Investment, LLC were reduced by 93,774.
F3 Represents shares of Class B Common Stock held by Daily Family Investment, LLC, of which the Reporting Person serves as tax matters partner. The Reporting Person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.